THE BOURSE WHISPERER: Breaker Resources has completed reconnaissance auger soil sampling at the company’s 100 per cent-owned Dexter gold project, located on the Yamarna Shear in Western Australia.
The company has claimed the sampling has identified a previously unknown 25 kilometre-long gold trend, which is open along strike.
The gold-in-soil anomalies have peak gold values of 50 parts per billion gold and are associated with anomalous mercury, copper, zinc and silver, which Breaker has interpreted to indicate a likely Archean bedrock source.
Breaker project locations. Source: Company announcement
The strongest gold-in-soil anomalies have a close spatial association with several fault bends apparent in aeromagnetic data which suggests that the anomalies are directly on top of a bedrock source with little lateral transport.
“The strength and coherence of the gold-in-soil values emanating from a likely Archean basement under 40 metres to 70 metres of Permian cover is unusual in the Eastern Goldfields,”B reaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.
“Infill 400 metre by 100 metre auger soil sampling will commence shortly in preparation for an aircore and RC drilling program in late October to assess the economic potential of the soil anomalies.
“The initial soil auger results at Dexter are very encouraging and give us confidence in our chosen approach and methodology.
“Breaker is the largest tenement holder in the Eastern Goldfields Superterrane and we have deliberately set out to screen our projects for large deposit signatures using cost-effective geochemical techniques that were not available 15 years ago.
“This approach takes advantage of our large ground position and the known high gold endowment of the Eastern Goldfields region.”